Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0025%/8h= +2.8% APRpaid last 24h +0.030%

Price spread now: Kalshi against 01 Exchange+0.124%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kalshi is 0.124% dearer against 01 Exchange than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XRPUSD	1.5315	0.0088	pay 0.0011% / 1h	57m 28s	$9K	$987	10x
Short	Kalshi KXXRPPERP	1.5334	0.0113	get 0.0113% / 8h	57m 28s	$1.9M	$35.4M	2.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against 01 Exchange. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee KalshibpOrdersPrice spread, now +0.124%Rate

Funding earned: $5.33
Price spread: +0.124% → 0.000%: $12.41
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $0.74
Costs to cover: 0.170%
Break-even: 6.0 days

Slippage unknown: 01 Exchange: no order-book sample; Kalshi: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 5 min ago	0.98 bp	8.5 bp −$9	11.9 bp −$119	17.6 bp −$1,760	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XRP on 51 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff XRP-PERP	−0.0080%	1h	1.5378	+0.411%	$5K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0077%	1h	1.5310	−0.035%	$13.8M	$69.0M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5307	−0.051%	$1.1M	$155K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5330	+0.098%	$69K	$102K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5310	−0.033%	$7.7M	$19.9M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5307	−0.055%	$242K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.600%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5322	+0.048%	$17K	$70K	7x	as long as short
01 Exchange XRPUSDlong	+0.0088%	1h	1.5315	long leg	$9K	$987	10x
Lighter XRP	+0.0096%	1h	1.5309	−0.038%	$2.7M	$13.4M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5312	−0.020%	$598K	$3.0M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0096%	1h	1.5314	−0.007%	$5.4M	$42.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5308	−0.047%	$477K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5309	−0.039%	$10K	$410K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5305	−0.062%	$840K	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5318	+0.020%	$297.6M	$264.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5315	0.000%	$39.0M	$79.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5309	−0.038%	$589K	$985K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5313	−0.013%	$532.9M	$2.04B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5312	−0.020%	$361.0M	$857.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5311	−0.026%	$124.0M	$821.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5336	+0.137%	$563K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5322	+0.046%	$163K	$692K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5316	+0.007%	$377.6M	$156.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5310	−0.033%	$316.3M	$872.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5306	−0.060%	$104.7M	$180.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5313	−0.013%	$270.9M	$348.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5307	−0.052%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5332	+0.114%	$4.9M	$38.0M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5317	+0.016%	$667K	$105.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5339	+0.157%	$1.1M	$32.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5341	+0.170%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5316	+0.009%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5314	−0.007%	$52K	$469K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5306	−0.057%	$41K	$64K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5307	−0.052%	$83K	$601K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5308	−0.046%	$824K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5320	+0.030%	$128K	$1.5M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5306	−0.059%	$30K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5305	−0.065%	$49.9M	$13.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5307	−0.052%	$54.7M	$33.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5324	+0.062%	$1.6M	$66K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5306	−0.058%	$2.2M	$6.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5303	−0.077%	$59K	$25K	3x	as long as short
Kalshi KXXRPPERPshort	+0.0113%	8h	1.5334	+0.124%	$1.9M	$35.4M	2.9x
Backpack XRP_USDC_PERP	+0.0191%	1h	1.5316	+0.007%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5320	+0.033%	$23.8M	$77.6M	125x	as long as short
Reya XRPRUSDPERP	+0.0224%	1h	1.5303	−0.081%	$1.4M	$1K	15x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0252% / S −0.0494%	1h	1.5307	−0.049%	$885K	—	200x	as long as short
RISEx XRP/USDC	+0.0300%	1h	1.5319	+0.026%	$507K	$723K	10x	as long as short
Aftermath Perps XRPUSD	+0.0387%	1h	1.5320	+0.036%	$3K	$13K	10x	as long as short